We would love to hear your thoughts about our site and services, please take our survey here.
The Missing Cryptoqueen podcast is well worth listening to.
https://www.bbc.co.uk/programmes/p07nkd84/episodes/downloads
Using the data below the distance advanced is closely predicted by a 2nd order polynomial of the form
Decline distance = 0.0057 x Days since start^2 + 0.4341x Days Since Start
The fact that it is a curve with a positive gradient shows that the rate of decline advancement is accelerating and predicts a current (12/12/2021 = 214 days since start of decline) distance of 354 m. So we agree Marco :)
For 3000 m of decline (I think I remember Bamps mentioning that value) a total time of 688 days is predicted = 31/3/2023.
Date Days Since start of decline Decline Distance (m)
12/05/2021 0 0 0
22/7/2021 71 69
09/09/2021 120 120
20/10/2021 161 211
01/11/2021 173 245
Although it isn't good for pictures/diagrams the Hard Rock Miner's Handbook 5th Edition is a great source of mining related information and can be downloaded free from (note change the x to p in the link)
httx://miningengineersworld.blogspot.com/2015/11/hard-rock-miners-handbook-5th-edition.html
It seems to me that we are seeing lots of this type of activity.
Wash Sales and Matched Orders
• Wash Sales – a person places simultaneous orders to buy and sell quantities of the same security in transactions involving no change of beneficial ownership of the stock.
• Matched Orders – a person or persons places buy or sell orders for a security with the knowledge that sell or buy
orders of substantially the same size and price will be placed simultaneously
• Engaged in for the purpose of creating a false appearance of active trading in the market for a security
• May be done at successively higher and higher prices to move market price of security upwards
From
https://www.sec.gov/files/Market%20Manipulations%20and%20Case%20Studies.pdf
Also Speedy, inflation in the form of shrinkflation has been going on for years as well. I can't think of any item that has been reduced in size and the price has been reduced accordingly. Digestives are a good example....
https://ggphelp.co.uk/telegram/ is the link but new members not being accepted at the moment
This is an interesting thread on where we are in the precious metals cycle retweeted by Paddy today. Well worth a read.
https://twitter.com/TaviCosta/status/1452845089080811523
50x50m spacing is mentioned in the Bloomberg note on the PFS - see below.
"The SE Crescent Zone is 5-40m wide, extending 550m in length in unfolded section from the basement contact and defined over 900m vertically, tapering to ~300m in length and open at that depth. The SE Crescent Zone has been the focus of drilling and has been infilled to a nominal drill spacing of 50-100m laterally (with at least part being infilled to a 50m x 50m spacing to satisfy the requirements for an Indicated Mineral Resource), and 100m vertically."
https://www.bloomberg.com/press-releases/2021-10-12/newcrest-mining-limited-havieron-pfs-stage-1-delivers-base-for-future-growth
Looks good. From the YCA website a NAV of £3.85/share is given which is based on a U3O8 price of 49.94 $/lb so using your price of $/lb 40.5 gives a NAV of 40.5/49.94X3.85 = £3.12 - slightly different from your value because I haven't adjusted for currency fluctuations.
I bought a few ARB earlier this year in the 70p range, read an article about the dangers of investing in bitcoin and sold them a couple of days later for about the same price! If only I had held them a bit longer.....
From Chapter 6 of the Hard Rock Miner's Handbook.
---------------------------------------------------------------------------------------------------------------------------
A feasibility study is an evaluation of a proposed project to determine whether and how it can be mined economically. Detailed Feasibility Studies extend the evaluation to determine the maximum profit or most secure profit to be obtained and provide a blue print for implementation. Three types of feasibility studies are described in the following paragraphs; however, the remainder of this chapter is mainly devoted to the preparation, execution, and appraisal of the Detailed Feasibility Study.
Order-of-Magnitude Feasibility Studies constitute an initial financial appraisal and are often carried out by a single individual. To be effective, this study should include an elementary mine plan. Order-of-Magnitude Studies may evaluate whether to initiate or proceed further with an exploration project that has an indicated mineral resource. When an underground entry (shaft or ramp) is required to complete an exploration program, this type of study is employed to determine the benefit to (and possible interference with) subsequent permanent entries. Order-of-Magnitude Studies are accurate to ± 40-50% and are usually obtained by copying mine layouts and factoring known costs and capacities of similar projects completed elsewhere.
Preliminary Feasibility or “Pre-feasibility” Studies are the second order and are useful in the following cases.
• Due diligence work
• Determining whether to proceed with a Detailed Feasibility Study
• A “reality check” on detailed estimates to pin point areas meriting further attention
Preliminary Studies are accurate to ± 25-30% and are typically obtained by factoring known unit costs and estimated gross
dimensions or quantities once conceptual or preliminary engineering has been completed. Preliminary Studies are usually
completed by a small group of multi-disciplined technical people.
Detailed Feasibility Studies are normally the highest order and most important because they are the litmus test for proceeding with a project. Typically, Detailed Studies are the basis for capital appropriation and provide the budget figures for the project. They may be completed with a financial accuracy of ±10% provided that a significant portion of the formal engineering is completed. In some cases, Detailed Studies are completed to an accuracy of ±15% with quantities derived from general arrangement drawings only. When the engineering is later sufficiently advanced, a second estimate is made to an accuracy of ±10% to provide confirmation and firm budget numbers.
The definitive feasibility study for a small, simple mining project may be completed in as little as 6-8 weeks. For
a medium-sized venture it may take 3-4 months, and a large mining project will take 6-9 months. A world-scale
mining project may require more than one y
This is part of Brett Davis' reply when asked "What is the most interesting deposit you have ever worked at?"
"The Havieron deposit in north Western Australia is a beautiful deposit with amazing world-class textures. This is a relatively new discovery and much of the geological detail hasn’t reached the public yet, but when it does, people will be seriously impressed. Full kudos to the drillers who have managed to provide consistently oriented core over hole lengths approaching 2 km (˜ 1 mi)."